Coinbase, the largest stock exchange in the USA, is leading the sector with its listings throughout the year. The perspective of Coinbase, which is the most influential exchange in terms of price effect after listing, is also curious.
In a blog post, Coinbase product manager Surojit Chatterjee shared his predictions for projects that could come to the fore in 2022.
Explaining his expectations under 10 headings, Chatterjee used the following statements:
1. Eth scalability will increase, but newer L1 chains will see significant growth.
As we invite a hundred million users to crypto and Web3, scalability challenges are likely to increase for Eth. I am optimistic about the improvements in Eth scalability with the advent of Eth2 and many L2 aggregations.
The rise of Solana, Avalanche, and other L1 chains indicates that we will live in a multi-chain world in the future. We will also see newer L1 chains emerge that focus on specific use cases like gaming or social media.
2. L1-L2 bridges will have significant usability improvements.
As more L1 networks gain traction and L2s grow, our industry will seek improvements in the speed and availability of L1 and L1-L2 bridges. We are likely to see interesting developments in the usability of bridges in the coming year.
3. Zero-knowledge proof technology will gain more attraction.
As L1 chains become clogged with increased usage, ZK-rollup technology will attract the attention of both the investor and the user.
4. Emergence of regulated Defi and on-chain KYC certification.
Many Defi protocols will adopt editing and create separate pools of KYC users.
5. Institutions will play a much larger role in Defi participation.
Institutions are affected by higher-than-average interest-based returns compared to traditional financial products. This increases their interest in DeFi.
6. Defi insurance will appear.
7. NFT-Based Communities will compete with Web 2.0 social networks.
8. Brands will begin to actively participate in metadata storage and NFTs.
9. Web2 companies will wake up and try to break into Web3.
10. It’s DAO 2.0 Time.
We will see DAOs become more mature and mainstream. More people will join DAOs, leading to a change in employment definition
Thanks to our customers and ecosystem for an incredible 2021. We look forward to another year in which we will lay the foundations of Web3.
*Not Investment Advice.